<PAGE> 1
U.S SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10-QSB/A-1
X QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
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EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 1996
OR
__ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
EXCHANGE ACT OF 1934
Commission File Number 33-47567-NY
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HEADSTRONG GROUP, INC.
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(Name of Small Business Issuer in its Charter)
Delaware 22-3663311
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(State or other jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
5 Lexington Avenue, East Brunswick, N.J. 08816
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (908) 254-3433
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Securities registered pursuant to Section 12(b) of the Act:
Securities Registered under Section 12(b) of the Exchange Act:
Name of Each Exchange
Title of Each Class on Which Registered
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None None
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Securities registered under Section 12(g) of the Exchange Act:
Common Stock, par value $.01
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(Title of Class)
Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes X No
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Indicte the number of shares outstanding of each of the registrants
classes of common stock, as of the latest practicable date.
Class Outstanding at March 29, 1996
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Common Stock, $.01 par value 9,968,129
DOCUMENTS INCORPORATED BY REFERENCE: NONE
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SIGNATURES
In accordance with Section 13 or 15(d) of the Exchange Act, the
Company caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
HEADSTRONG GROUP, INC.
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(Company)
By /S/ John J. Willis
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Printed John J. Willis, Treasurer and CFO
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Date July 29, 1996
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By /S/ Dale M. Friedman
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Printed Dale M. Friedman, Director, President and CEO
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Date July 29, 1996
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<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> MAR-31-1996
<CASH> 876
<SECURITIES> 0
<RECEIVABLES> 3,105,361
<ALLOWANCES> (740,940)
<INVENTORY> 757,688
<CURRENT-ASSETS> 0
<PP&E> 1,058,877
<DEPRECIATION> (325,644)
<TOTAL-ASSETS> 4,614,621
<CURRENT-LIABILITIES> 5,161,132
<BONDS> 1,544,267
102
0
<COMMON> 990
<OTHER-SE> (972,603)
<TOTAL-LIABILITY-AND-EQUITY> 4,614,621
<SALES> 2,501,004
<TOTAL-REVENUES> 2,501,004
<CGS> 1,631,374
<TOTAL-COSTS> 638,722
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 230,907
<INCOME-TAX> 0
<INCOME-CONTINUING> 230,907
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 230,907
<EPS-PRIMARY> .03
<EPS-DILUTED> 0
</TABLE>
